View Single Post
Old
08-29-2012, 12:12 AM
  #69
Hockey Team
Hunger Force
 
Hockey Team's Avatar
 
Join Date: Dec 2009
Location: New York, NY
Country: United States
Posts: 4,553
vCash: 50
Quote:
Originally Posted by jumptheshark View Post
In one of my business classes we were looking at personal finances and here in the UK something like 70% of the working population under the age of 30 would be broke if they were out of work for more than a month.
There's plenty of people who would be broke if they were out of work for a day. There's plenty of people who owe more on payday loans and credit card bills then their next month's pay would be.

Payday loans are predatory lending at it's finest. It's not atypical for people to pay 20% in "fees" and interest for a 2 week loan. Loan sharks don't even charge that much. I can't believe anyone's stupid enough to fall for that scam but it happens all the time.

Hockey Team is offline   Reply With Quote